FX.co ★ USD/JPY

Hello traders. The results of the week for the currency pair US Dollar/Japanese Yen are quite impressive, as in just the last two days of the week, the quotes of this currency pair have moved up by 3.5 figures from a minimum of 154.40, almost reaching the pair's maximum from November 19 of this year at the level of 157.85. We have discussed the reasons for this growth, so I won't dwell on that. Now let's see what to expect next. I believe that a clear technical bearish correction should follow now, but with the aim of a decline not lower than the previous maximum marked by the ZigZag indicator at the level of 156.95. Moreover, during this decline, the quotes of the USD/JPY pair will remain in the area of active buying, trading well above the rising 14-period moving average line and both lines of the trend indicator "2 EMA Color Alerts", so most likely, the pair's growth will resume from there.